Pune, India, November 2018 /MRFR Press Release/- Market research future published a half-cooked research report on global Plastic rigid IBC market. The Plastic Rigid IBC market is expected to grow over the CAGR of around 5.20% during the period 2023 to 2032.
The growing demand from food & beverage industry due to increase in demand for storage and transportation of bulk food products and various beverages across long distances from the manufacturing units are opening new opportunities for the growth of the market. Plastic rigid IBC are used to store and transport various chemicals, oils, and lubricants. Growing demand for cost effective, flexible and bulk packaging is expected to generate growth opportunities for the plastic rigid IBC market. However, different regulations and standards associated with the packaging may hinder the growth of the market.
Market Research Analysis:
For the purpose of this study, the global plastic rigid IBC market has been divided on the basis of four segments namely material, capacity, end user, and region. On the basis of material, the market has been segmented into high density polyethylene (HDPE), low density polyethylene (LDPE), linear low density polyethylene (LLDPE), polyvinyl chloride (PVC) and others. Under the material segment, HDPE accounts for the largest market share. HDPE plastic rigid IBC are preferred due to their extensive flexibility and cost effectiveness.
On the basis of capacity, the market has been segmented into up to 500 liters, 500 to 1000 liters, 1000 to 1500 liters, 1500 to 2000 liters and above 2000 liters. Plastic rigid IBC of 500 liters to 1000 liters capacity dominate the segment and are expected to grow at the highest CAGR during the forecast period. Rise in demand from various applications like food & beverages and agrochemicals driving the growth of this segment. 1000–1500 liters segment is also expected to register substantial growth in the forecast period.
On the basis of end-use, the market has been segmented into industrial chemicals, petroleum & lubricants, food & beverages, paints inks dyes, pharmaceuticals, and others. Food & beverage dominates the end-use segment of the market and is expected to grow at the highest CAGR during the forecast period. Rise in demand for plastic rigid IBC across the food & beverage segment, attributed to growth in demand for storage and transportation of bulk food products and various beverages. Petroleum & lubricants segment is expected to contribute significantly during the forecast period mainly due to increase in automobile sales and petroleum exports.
Global Plastic Rigid IBC Market, 2017-2023 (USD Million)
Source: MRFR Analysis
Scope of the Report:
This study provides an overview of the global plastic rigid IBC market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and the rest of the world (ROW). The report also provides a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global plastic rigid IBC market by material, by capacity, by end use, and by region.
The prominent players in the Plastic rigid IBC market Schutz Container Systems (US), Greif, Inc. (US), Maschiopack GmbH (Germany), SCHÜTZ GmbH & Co. KGaA (US), Bulk Handling Australia (Australia), ZIBO JIELIN PLASTIC PIPE MANUFACTURE CO., LTD (China), WERIT Kunststoffwerke W. Schneider GmbH & Co.KG (Germany), Snyder Industries, Inc. (US), Sintex Industries (India), Hoover Ferguson Group, Inc. (US) among others.
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